Tag: financing
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IEEFA: Record-low solar PPAs are another nail in carbon-capture’s coffin
In a loud signal on where markets are moving, the New Mexico Public Regulation Commission last week approved two record low power purchase agreements (PPA) to buy power from projects proposed to serve southern New Mexico and west Texas customers. One project will add 100 megawatts of solar for $15Read More — Solar Builder magazine
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8minute Solar Energy closes credit facility for its 18-GW solar, storage pipeline
8minute Solar Energy closed a $225 million letter of credit (LC) facility from a consortium of five banks, led by CIT as sole coordinating lead arranger with partners KeyBank, HSBC, Rabobank and Nomura Holdings. 8minute will use the LC facility to cost effectively post securities for its power purchase agreementsRead More — Solar Builder magazine
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From Big Ten to Big Sun? University of Northwestern signs up for 11-MW of community solar
The University of Northwestern just made a long-term commitment to support the development and construction of 16 community solar projects in Illinois — about 11.9 megawatts (MW) — via the Clearway Energy Group. That’s the equivalent of taking 2,934 cars off the road each year. “Partnerships like these are a welcomeRead More — Solar Builder magazine
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SolRiver Capital, AVANA team up on financing for six solar projects (24-MW total)
SolRiver Capital LLC, a solar investment fund that acquires and owns distributed generation and utility scale projects, closed on $30 million of construction financing with AVANA Capital. The portfolio totals 24 MW and consists of six projects located across the country. Since 2017, SolRiver and AVANA Capital have actedRead More — Solar Builder magazine
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SolRiver Capital, AVANA team up on financing for six solar projects (24-MW total)
SolRiver Capital LLC, a solar investment fund that acquires and owns distributed generation and utility scale projects, closed on $30 million of construction financing with AVANA Capital. The portfolio totals 24 MW and consists of six projects located across the country. Since 2017, SolRiver and AVANA Capital have actedRead More — Solar Builder magazine